Archive · 11 Aug 2025
Copper Prices Drop Amid Supply and Demand Shifts
Copper prices went down because a big mine in Chile is starting to work again, which means there's more copper available.
At the same time, the US is having talks with China and the meeting of Trump and Putin on Friday could be crucial for the world.
Also, it's important to note that U.S. will soon decide if they lower the interest rate next month, so the market is waiting on that.
The lower rates would be good for copper prices.
Copper prices fell on Monday due to supply concerns easing.
Codelco's El Teniente mine in Chile is reopening after a collapse.
China's producer prices fell in July, signaling weak demand.
Trump stated a meeting with Putin is scheduled to discuss Ukraine.
The market awaits a U.S. inflation report affecting interest rate decisions.
- Who
- Copper traders, Codelco, Donald Trump, Vladimir Putin.
- What
- Decline in copper prices due to supply and demand factors.
- When
- Monday, August 11th, and the ongoing week.
- Where
- Global metal markets, specifically focusing on the London Metal Exchange (LME).
- Why
- Easing supply concerns from mine reopening, weak Chinese demand, and anticipation of key economic and political events.
Market Factors
Geopolitical Events
Supply and Demand
Market Factors
Easing of supply concerns from mine reopening could push prices lower.
Geopolitical Events
Weakness in demand from China might affect prices negatively.
- LME Copper Price
- $9,722 per metric ton
- Weekly Price Change
- Down 0.4%
- El Teniente Mine Status
- Reopening after collapse
- China Producer Prices
- Fell in July
- US-China Trade Talks
- Ongoing
- Trump-Putin Meeting
- Scheduled for Friday
Sources
Oil falls after weekly drop before Trump-Putin talks on Ukraine
Asian stocks edge up before key data, oil falls
With hopes of Trump-Putin deal in Alaska summit, oil prices see highest drop in months
Oil Prices Decline Ahead Of Putin-Trump Meet In Alaska- Ukraine, Tariffs On Agenda